CONDITIONS
1.
Sale by private treaty.
2.
Duration of the lease.
The convential New Territories
3.
4.
5.
lease of 75 years from 1898 plus 24 years less 3 days.
Crown Rent. Normal Crown Rent for this area which
is calculated at $200.00 per acre, giving approximately
$12.00 per year.
Premium.
Norral upset premium for the locality which
is 6 cents per square foot or, in this case, approximately
$147.00.
There will be a clause in the agreement prohibiting
assignment and restricting the use tế which the land may
be put to educational purposes, the land and buildings
to revert to Government without compensation at any time
these conditions are broken,
33